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Share Name Share Symbol Market Type Share ISIN Share Description
Anglo African Oil & Gas Plc LSE:AAOG London Ordinary Share GB00BD0Q3L08 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.30 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -11.7 -9.3 - 1

Anglo African Oil & Gas Share Discussion Threads

Showing 8751 to 8768 of 9375 messages
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DateSubjectAuthorDiscuss
12/12/2019
11:40
Totally agree,
deltalo
12/12/2019
11:22
An overreaction yes, but I wouldnt call it a minor setback.The company has enough cash as working capital, but not enough to pay for a drilling as they were expecting snpc to have paid what's owed by now.Theres 25mill debt finance available for field development, but that wont be available until theyve drilled this well first to prove a commercial and working oil system (it very likely will be, but the 25mill wont be coming until its proved so)Equity raising isn't a good idea at this price. They now need either snpc to pay up, or to secure some other debt finance for a single well, secured against the company. What a pickle .....meanwhile, underground, theres a load of oil just waiting.
apfindley
12/12/2019
10:55
Anyone would think they've announced a duster by the sp, The 5m will come and as they stated, they'll acquire another rig to save time. An over reaction to a Miner setback.
deltalo
12/12/2019
09:46
APF well I never said that I have always said the geology is hugely promising if they could have got it to flow commercially on a timely basis ...

FWIW the word on the street is that the existing team have a very bad if any relationship at all with SNPC. Sefton sacked the man with the relationship and the local drilling experience (share price them 27p) and thought he could bully SNPC into agreeing favourable new licence terms and doing what he said (those days are long gone it is not a colony anymore) ..why do you think Sefton left with a full year's salary and benefits he knew the project was dead so left all his cronies to drown with a fist full of dollars and a Tunisian asset in his and Berwick's hands that all the dd had been paid for....SNPC have been quoted as saying the drill at TLP 103c was the worst drilled in Congo in living memory and are furious...

If I was a shareholder I would be round begging at the former directors doors who were sacked and gagged by Sefton to come back on board to try and help but I suspect its too late for that

I would also be actively canvasing AIM and the FCA for a full investigation into what is virtually a fraud or minimum the highest level of total incompetence on AIM I have ever seen

seagreen
12/12/2019
09:42
What a scam !
andrzejs1
12/12/2019
09:33
The answer to that conundrum is AFRICA.

Thats where this is sort of situation happens. Someone not paying up. Take em to court, good luck if thet have political friends.

escapetohome
12/12/2019
09:31
I wasnt wearing my glasses sorry for incorrect information from further checks it was just a bird house.
mesk1234
12/12/2019
09:31
My main disagreement has been where anyone has falsely stated there was no oil.Aside from management incompetence, the main problem seems to be the partner. They have paid nothing towards the original drills. Relectsnly paid a small amount back, which has now ceased. They still owe 5.x mill. They gave aaog option on a rig which THEY own through their sister company, and have now pulled the plug, likely because AAOG are pushing for the previous drilling back costs still due.So why can't they foot the bill for this next drilling to make up for their previous non payment, afterall they do indirectly own the rig that was supposed to be used.
apfindley
12/12/2019
09:31
Lets face it in This game it can go either way.

Seagreen was on the right side this time .

escapetohome
12/12/2019
09:24
Oh and I think Tame said they could not raise money at 1p...hey ho thats shut the door time and turn out the lights
seagreen
12/12/2019
09:16
I was right all along. There is no hope here. Told people to take their money out and reinvest somewhere else a long time ago. The management are scums. They have ruined this company and lost alot of people alot of people money. Mr Tampon, I'm very interested to hear your opinion now. What will it take for you to stop sucking up to this company??
mesk1234
12/12/2019
09:13
Lets face an unpalatable truth winnifroth was right here.
escapetohome
12/12/2019
09:10
And mugs think buying today for a quick swing... Its armegeddon!
matunde24
12/12/2019
08:59
The land of nod. I wouldnt believe a word they say from now on.

Luckily no holding here to speak of.

escapetohome
12/12/2019
08:44
Tampon now do you need tampons for your backside bleeding
acuransx
12/12/2019
08:43
Explains why Sister Holdings massively reduced their holding last week.
aaogplc
12/12/2019
08:08
Collosal failure by management. They are a disgrace
money4me
12/12/2019
07:41
No doubt the resident 'love in' poster will tell us again we were wrong about this company and the drop today will be a fantastic buying opportunity.It just gets worse for investors.
supercity
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